In the latter case, I would still use QB to enter info provided by the 3P servicer and to maintain my general ledger for the lending business.

I'm really busy with my w2 job working all the time to fund my investments. 

The #1 reason that landlords fail is due to failure to manage to the lease (Source: American Apartment Owners' Assn). 

@Tonio PearceYes you should create a business plan.

As both a real estate professional and property owner, I bring a unique perspective to the investment landscape in our growing metroplex.My Investment Focus:- Rental property acquisition and optimization- Value-add opportunities in emerging DFW submarkets- Long-term wealth building through real estate- Professional property management and tenant retentionWhat Sets Me Apart:- Dual expertise as realtor and investor provides enhanced market insights- Faith-based approach to business relationships- Strong commitment to property management excellence- Focus on win-win scenarios for investors and tenantsCurrent Objectives:1.

That’s a 0.02% success rate—a 99.98% failure rate.The data couldn’t be clearer: you’re targeting the wrong audience.

Quote from @Francisco Solano: I suggest you ask a business attorney in your state for this basic template.

I’m looking to start a discussion on the best systems and tools brokers are using to efficiently run their business.

Failure to meet material participation rules will limit rental losses to offsetting passive income or carrying forward.This post does not create a CPA-Client relationship.

Quote from @Cheryl Abram: What legal filed docs are LPs entitled to see to help validate a deal's failure?